Where are the technical analysits?

hariesha wrote:I think TA were silent even before the introduction of the new system. Earlier they were telling market will come to this level and bounce back. Reach this level and come back, etc.

hariesha wrote:

rijayasooriya wrote:Now our forum is full of technical analysers.Most of them seems to be really confidence because of one or two of their predictions have become true.But please remeber in most of the time there is 50% of chance that u might be correct whether u do TA or not.
TA is a vast area like ocean.There are lot factors to concern.Each indicator may not suitable for each market and to make it more difficult to each situation.So u have to be very careful!! If TA is so easier and so correct there should be more and more billionaires.But it is not happening like that.
TA is a useful tool if u handle it correctly and wisely.For that u need,
1.Sound knowledge on TA
2.Very very good experience
3.Very good ability to identify patterns which is a very tricky bussiness
4.Very good common sense.
But if u trap in this TA bussiness.....U situation will be too ghastly to discuss.

At last a forum moderator has understood the danger of TA. In sri lanka most guys use TA to manipulate the market.

smallville wrote:

hariesha wrote:I think TA were silent even before the introduction of the new system. Earlier they were telling market will come to this level and bounce back. Reach this level and come back, etc.

Some guys told this would eventually reach 4700-4800 and test the rigorous support there know? Also they told this would reach 6400 when fallen last time (actually it hit around 6500) before moving to 4700 range, rite?

EOD data is still ok I guess, its only intraday data in question...

Just like any other analysis technical analysis is also subject to human errors and biases. Moreover, every chart or every analysis is open to varied arguments and interpretations. Ironically, no two technical analysts would agree on same conclusions after studying a single chart. It is possible that both analysts come up with logical support and resistance levels as well key breaks to justify their arguments.

illuminati wrote:Tell us experts where is the market heading ?. OK let me put it this way. Are there any reason/s why the market should move up in the near future. You know what my conclusion is. How about our experts ?

traderathome wrote:

illuminati wrote:Tell us experts where is the market heading ?. OK let me put it this way. Are there any reason/s why the market should move up in the near future. You know what my conclusion is. How about our experts ?

I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

traderathome wrote:

traderathome wrote:

illuminati wrote:Tell us experts where is the market heading ?. OK let me put it this way. Are there any reason/s why the market should move up in the near future. You know what my conclusion is. How about our experts ?

I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

traderathome wrote:

traderathome wrote:

illuminati wrote:Tell us experts where is the market heading ?. OK let me put it this way. Are there any reason/s why the market should move up in the near future. You know what my conclusion is. How about our experts ?

I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

traderathome wrote: I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

wiki wrote:

traderathome wrote: I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

When all are bearish ..it seems you are the only person with positive view

wiki wrote:

traderathome wrote: I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

When all are bearish ..it seems you are the only person with positive view

traderathome wrote:

wiki wrote:

traderathome wrote: I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

When all are bearish ..it seems you are the only person with positive view

im having difficulties to upload the charts.send me your email by pm i will send.today infact i wanted to upload the khl chart thiserror msg making me really a heart attack

traderathome wrote:

wiki wrote:

traderathome wrote: I prefer the market to be controlled by the bulls. need few confirmations if i am to see market is heading the right direction.that should make all happy in the end.

When all are bearish ..it seems you are the only person with positive view

The bearish leg is as far i am concern is over (speculative) if you see the chart there was HS reversal completed when ASI reversed to 5050 as my calculation. the 2ns leg of bearish channel will confirm if 5050 is broken from my point of view.i will be highly optimistic this current ASI lvl is almost tested 61 Fib lvl from previous high.5850 n 6400 and 7200 will form the neck line of reverse HS and slight pull back not more than 6400 and continuation of its leg up and we should see 9000points tested .sorry guys im having trouble with the charts uploading here.

stumpy wrote:Stumpy_da_trader@live.com